Cash distribution

Cash distribution 2017

Official EUR/USD exchange rate fixed by the European Central Bank (ECB) on April 20th , 2017 1.0745
Ex-date April 24th, 2017
Italian record date April 25th, 2017
US record date April 26th, 2017
Payment date May 2nd, 2017
Deadline for DTC participants for submission of documentation for reduced withholding tax or exemption May 25th, 2017
Portion rate subject to Italian withholding (26%) Euro 0.635 / USD 0.68231
Withholding rate (26%) Euro 0.1651 / USD 0.17740
Net rate subject to variation based on the application of tax treaties and local tax regime Euro 0.4699 / USD 0.50491
   
Where to get information  
For shareholders in DTC - Globe Tax e-mail address italyesp@globetax.com
For shareholders in DTC - Globe Tax phone number  +1-212-747-9100
For shareholders in Monte Titoli – Please contact your own depositary bank, stockbroker or other financial intermediary

Q&A Cash Distribution

Q: Who will get the refund and when?


A: All beneficial owners of shares of Ferrari N.V. who hold the shares in DTC will obtain a withholding tax refund (net of any commission, if any), that follows the same process of the cash distribution, most likely by the end of August 2017, according to their broker or bank refund policy. Please contact your depositary bank, stockbroker or other financial intermediary for further details.
Nevertheless Dutch tax residents holding less than 5% of the share capital will be subject to 15% Dutch withholding tax

Q: What happens if I sell the shares in the meantime?


A: Shareholders of Ferrari N.V. at the record date are entitled to receive the cash distribution and the withholding tax refund (net of any commission, if any).

Q: What kind of reserves is Ferrari N.V. distributing?


A: The cash distribution is made from share premium reserves. Please contact your local tax advisor for any resulting tax basis.

Q: Who can I contact if I need more information?

A: Shareholders that hold their shares in DTC should refer to the Notice for further information.
Shareholders that hold their shares in Monte Titoli must contact their own depositary bank, stockbroker or other financial intermediary.


For more information please refer to the following Notice